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Home > Finance > Kering shares rise after report Renault's De Meo to become new boss

Finance

Kering shares rise after report Renault's De Meo to become new boss

Published by Global Banking and Finance Review

Posted on June 16, 2025

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MILAN (Reuters) -Shares in Kering rose in early trading on Monday after Le Figaro reported that Luca de Meo would become the new CEO of the luxury goods maker, after he turned around troubled automaker Renault in his five years at the helm.

Kering shares gained around 5% on trading platform Tradegate by 0606 GMT and Renault shares fell around 3%. De Meo will leave Renault in mid-July, Renault said.

(Reporting by Danilo Masoni; Editing by Amanda Cooper)

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